Jia Group Holdings limited Stock Forecast

Volatile ride for Jia Group Holdings limited stock price on Friday moving between HK$0.620 and HK$0.81
(Updated on May 03, 2024)

8519.HK Signals & Forecast

The Jia Group Holdings limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$0.466 and HK$0.624. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -37.86%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Jia Group Holdings limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.580 and HK$0.500. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Jia Group Holdings limited finds support just below today's level at HK$0.580. If this is broken, then the next support from accumulated volume will be at HK$0.500 and HK$0.495.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.190 between high and low, or 30.65%. For the last week the stock has had daily average volatility of 38.03%.

Our recommended stop-loss: HK$0.600 (-6.28%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (8519.HK) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Jia Group Holdings limited to open at HK$0.690, and during the day (based on 14 day Average True Range), to move between HK$0.538 and HK$0.742, which gives a possible trading interval of +/-HK$0.102 (+/-15.98%) up or down from last closing price. If Jia Group Holdings limited takes out the full calculated possible swing range there will be an estimated 31.97% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at HK$0.660 (3.13%) than the support at HK$0.580 (9.38%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Jia Group Holdings limited stock A Buy?

Jia Group Holdings limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.681 Hold/Accumulate Downgraded

Predicted Opening Price for Jia Group Holdings limited of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.